Tesla (TSLA) Blasts off Like a SpaceX Rocket Past $500
Tesla stock has been moving like a rocket since bottoming out back in June. It will be interesting to see what happens when they announce earnings in a couple weeks.
Buy the rumor, Sell the News
I would have to think if the stock remains strong over the next couple weeks that earnings will be a time to take profit. Price has gone a bit parabolic the past week and there is always a triggering event for profit taking, that could be it.
Full disclosure: I own some TSLA in my IRA account and had sold some around $450 thinking things were getting a bit overstretched. Obviously I'd like to have that back, but they were shares I had picked up just below $200 so it is hard not to sell when doubling your money in roughly six months.
I'll be keeping an eye out for where the stock is a day or two before the earnings announcement on Jan 29th.
Good stuff, do you still hold Starbucks as well?
Yeah, still have my starbucks.
there is no alternative of OIL and GAS
Yeah, even though it wasn't the peak, you still couldn't argue with selling at $450. That kind of turnaround doesn't come often.
Are there any other stocks that have surprised you lately?
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The entire stock market has surprised me....LOL. Still pushing ever higher even after being up HUGE in Q4.
Tesla the bitcoin of the 2020's